CIBC Private Wealth Group LLC Lowers Position in Aon plc (NYSE:AON)

CIBC Private Wealth Group LLC lowered its stake in shares of Aon plc (NYSE:AON) by 81.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,011 shares of the financial services provider’s stock after selling 84,690 shares during the period. CIBC Private Wealth Group LLC’s holdings in AON were worth $6,700,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Endeavor Private Wealth Inc. purchased a new position in shares of AON in the 4th quarter worth $29,000. Richardson Financial Services Inc. increased its stake in AON by 2,025.0% during the fourth quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 81 shares during the last quarter. Millstone Evans Group LLC purchased a new position in shares of AON in the 4th quarter worth about $32,000. Anchor Investment Management LLC lifted its stake in shares of AON by 1,162.5% in the 3rd quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 93 shares in the last quarter. Finally, Centricity Wealth Management LLC purchased a new stake in shares of AON during the 4th quarter worth about $39,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Analysts Set New Price Targets

AON has been the topic of several research reports. Evercore ISI upgraded shares of AON from an “in-line” rating to an “outperform” rating and raised their price target for the company from $407.00 to $420.00 in a report on Wednesday, January 8th. Piper Sandler lifted their target price on shares of AON from $372.00 to $384.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Redburn Atlantic upgraded AON to a “hold” rating in a report on Tuesday, March 25th. Keefe, Bruyette & Woods boosted their price objective on AON from $411.00 to $414.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. Finally, Royal Bank of Canada increased their target price on AON from $390.00 to $400.00 and gave the company a “sector perform” rating in a research note on Monday, February 3rd. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $386.21.

AON Trading Down 0.0 %

Shares of AON opened at $398.95 on Wednesday. The company has a debt-to-equity ratio of 2.58, a quick ratio of 1.40 and a current ratio of 1.40. Aon plc has a one year low of $268.06 and a one year high of $412.97. The stock has a 50-day moving average price of $390.00 and a 200 day moving average price of $373.11. The company has a market capitalization of $86.17 billion, a P/E ratio of 31.51, a P/E/G ratio of 2.12 and a beta of 0.92.

AON (NYSE:AON) last issued its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.25 by $0.17. AON had a net margin of 16.91% and a return on equity of 70.84%. During the same period last year, the firm earned $3.89 earnings per share. Sell-side analysts forecast that Aon plc will post 17.21 EPS for the current fiscal year.

AON Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were issued a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date was Monday, February 3rd. AON’s dividend payout ratio is presently 21.33%.

About AON

Aon Plc engages in the provision of risk, health, and wealth solutions. It focuses on risk capital including claim management, reinsurance, risk analysis, management, retention, and transfer; and human capital involving analytics, health and benefits, investments, pensions and retirement, talent and rewards, and workplace wellbeing.